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    3. Mmfl Share Price

    M M Forgings Share PriceM M Forgings

    Small Cap 3.9k Result
    ₹893.75
    -2.5 (-0.28%)
    As on 22 September, 2023 | 14:40 BSE: 522241 NSE: MMFLISIN: INE227C01017

    M M Forgings Performance

    Day Range

    • Low 871.05
    • High 911
    893.75

    52 Week Range

    • Low 730
    • High 1099
    893.75
    • Open Price902.8
    • Previous Close896.25
    • Volume45766

    Start SIP in M M Forgings

    Start SIP

    M M Forgings Share Price

    • Over 1 Month -4.24%
    • Over 3 Month 2.91%
    • Over 6 Month 5.13%
    • Over 1 Year 9.13%

    M M Forgings Key Statistics

    P/E Ratio 16.8
    PEG Ratio 1.2
    Market Cap Cr 2,158
    Price to Book Ratio 3.2
    EPS 52
    Dividend 0.7
    Relative Strength Index 39.08
    Money Flow Index 40.7
    MACD Signal -12.32
    Average True Range 33.44

    M M Forgings Investment Rating

    • Master Rating:

    • M M Forgings has an operating revenue of Rs. 1,488.09 Cr. on a trailing 12-month basis. An annual revenue growth of 28% is outstanding, Pre-tax margin of 12% is healthy, ROE of 19% is exceptional. The company has a reasonable debt to equity of 49%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It has recently broken out of a base in its weekly chart but failed to keep its momentum and is trading around -13% from the pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 30 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D- which indicates heavy supply, Group Rank of 65 indicates it belongs to a poor industry group of Auto/Truck-Original Eqp and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    M M Forgings Financials
    IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 366372360342327314
    Operating Expenses Qtr Cr 303307295280272260
    Operating Profit Qtr Cr 626566625553
    Depreciation Qtr Cr 181717171615
    Interest Qtr Cr 1078776
    Tax Qtr Cr 11161311109
    Net Profit Qtr Cr 303034323029
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 1,4251,123
    Operating Expenses Annual Cr 1,154903
    Operating Profit Annual in Cr 256202
    Depreciation Cr 6860
    Interest Annual Cr 2927
    Tax Annual Cr 4941
    Net Profit Annual Cr 12692
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 114147
    Cash from Investing Activity Annual Cr -156-126
    Cash from Financing Annual Activity Cr 2317
    Net Cash Flow Annual Cr -1938
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 689578
    Fixed Assets Annual Cr 771686
    Total Non Current Assets Annual Cr 937825
    Total Current Assets Annual Cr 733615
    Total Assets Annual Cr 1,6701,439
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 285239
    ROE Annual % 1816
    ROCE Annual % 1917
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1920
    IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 370387371358338322
    Operating Expenses Qtr Cr 305319299291281268
    Operating Profit Qtr Cr 657073675754
    Depreciation Qtr Cr 212121201817
    Interest Qtr Cr 1078776
    Tax Qtr Cr 1116131199
    Net Profit Qtr Cr 293136332828
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 1,4741,154
    Operating Expenses Annual Cr 1,189931
    Operating Profit Annual in Cr 273209
    Depreciation Cr 7968
    Interest Annual Cr 3028
    Tax Annual Cr 4938
    Net Profit Annual Cr 12891
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 169151
    Cash from Investing Activity Annual Cr -187-126
    Cash from Financing Annual Activity Cr 1013
    Net Cash Flow Annual Cr -839
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 673560
    Fixed Assets Annual Cr 867745
    Total Non Current Assets Annual Cr 920795
    Total Current Assets Annual Cr 740619
    Total Assets Annual Cr 1,6601,414
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 279232
    ROE Annual % 1916
    ROCE Annual % 2016
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1920

    M M Forgings Technicals

    EMA & SMA

    Current Price
    ₹893.75
    -2.5 (-0.28%)
    • Bullish Moving Average
    • ___
    • 2
    • Bearish Moving Average
    • ___
    • 14
    • 20 Day
    • ₹925.73
    • 50 Day
    • ₹935.28
    • 100 Day
    • ₹920.64
    • 200 Day
    • ₹894.7
    • 20 Day
    • ₹925.91
    • 50 Day
    • ₹955.74
    • 100 Day
    • ₹918.6
    • 200 Day
    • ₹882.61

    M M Forgings Resistance and Support

    PIVOT
    ₹896.42
    Resistance
    First Resistance ₹902.04
    Second Resistance ₹907.82
    Third Resistance ₹913.44
    RSI 39.08
    MFI 40.71
    MACD Single Line -12.32
    MACD -15.41
    Support
    First Resistance ₹890.64
    Second Resistance ₹885.02
    Third Resistance ₹879.24

    M M Forgings Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 35,632 1,807,255 50.72
    Week 42,242 2,284,025 54.07
    1 Month 36,222 2,059,578 56.86
    6 Month 40,565 2,360,048 58.18

    M M Forgings Result Highlights

    M M Forgings Synopsis

    NSE-Auto/Truck-Original Eqp

    M M Forgings Ltd. is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 1409.28 Cr. and Equity Capital is Rs. 24.14 Cr. for the Year ended 31/03/2023. M M Forgings Ltd. is a Public Limited Listed company incorporated on 21/02/1946 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L51102TN1946PLC001473 and registration number is 001473.
    Market Cap 2,164
    Sales 1,442
    Shares in Float 1.06
    No of funds 37
    Yield 0.67
    Book Value 3.14
    U/D Vol ratio 1
    LTDebt / Equity 48
    Alpha
    Beta 0.79

    M M Forgings

    Owner NameJun-23Mar-23Dec-22Sep-22
    Promoters 56.34%56.34%56.34%56.34%
    Mutual Funds 16.37%16.81%16.44%16.11%
    Foreign Portfolio Investors 1.64%1.65%1.16%0.91%
    Individual Investors 21.97%21.51%22.16%22.7%
    Others 3.68%3.69%3.9%3.94%

    M M Forgings Management

    Name Designation
    Mr. N Srinivasan Chairman
    Mr. Vidyashankar Krishnan Vice Chairman & Mng.Director
    Mr. K Venkatramanan Joint Managing Director
    Mrs. Sumita Vidyashankar Director
    Mr. V Vaidyanathan Director
    Mr. A Gopalakrishnan Director
    Mrs. Kavitha Vijay Director

    M M Forgings Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    M M Forgings Corporate Action

    Date Purpose Remarks
    2023-08-12 Quarterly Results
    2023-05-17 Audited Results & Interim Dividend (Revised) per share(25%)Interim Dividend
    2023-02-13 Quarterly Results
    2022-11-14 Quarterly Results
    2022-08-10 Quarterly Results
    Date Purpose Remarks
    2023-05-29 FINAL Rs.6.00 per share(60%)Interim Dividend
    2022-06-07 INTERIM Rs.6.00 per share(60%)Interim Dividend
    2021-07-02 INTERIM Rs.5.00 per share(50%)Interim Dividend

    M M Forgings MF Shareholding

    Name Amount(cr)
    HDFC Hybrid Equity Fund Growth 20789
    HSBC Small Cap Fund Fund Regular Growth 11549
    Franklin India Smaller Companies Fund Growth 9595
    HDFC Multi Cap Fund Regular Growth 8263
    Tata Small Cap Fund Regular Growth 6015
    • Company Name
    • CMP
    • Chg(%)
    • Company Name
    • CMP
    • Chg(%)

    M M Forgings FAQs

    What is Share Price of M M Forgings ?

    M M Forgings share price is ₹893 As on 22 September, 2023 | 14:26

    What is the Market Cap of M M Forgings ?

    The Market Cap of M M Forgings is ₹2157.6 Cr As on 22 September, 2023 | 14:26

    What is the P/E ratio of M M Forgings ?

    The P/E ratio of M M Forgings is 16.8 As on 22 September, 2023 | 14:26

    What is the PB ratio of M M Forgings ?

    The PB ratio of M M Forgings is 3.2 As on 22 September, 2023 | 14:26

    Q2FY23

    More Information

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